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Euro / U.S. Dollar

EURUSD 27 Nov 2023 Intraday Analysis

By Amr-Sadek
Updated
This is my Intraday analysis on EURUSD for 27 Nov 2023 based on Smart Money Concept (SMC) which includes the following Time Frames:

  1. 4H
  2. 15m



4H Chart Analysis

https://www.tradingview.com/x/QIl2UN8S/

1.

  • Swing Bullish
  • INT Bullish



2.

  • Swing low and last demand for potential buys.



3.

  • After the Swing BOS, we expected a pullback but price still in Bullish momentum and still creating Bullish INT Structures. We didn't have Swing pullback till now which will be identified by a Bearish iBOS.
  • Price reached the extreme of the Bullish INT Structure and we may react only from there as our expectations is to reach (And maybe extend above) the Weak INT HIgh. So the current supply there may provide some bearish reaction, but our expectations on the 4H TF is to continue up.
  • But keep in mind that the bearish scenario we have from the Weekly and Daily could be starting from this area or a bit higher. In all ways, bearish scenario will be confirmed with bearish structure formation which we don't have till now.
  • So patience is always the key of success! plan and wait for confirmation.



15m Chart Analysis

https://www.tradingview.com/x/q1s0xGs1/

1.

  • Swing Bullish
  • Internal Bullish


2.

  • INT Structure continuing bullish following the 15m Swing bullish structure and our expectations is to reach the Swing high and most probably we will take it out.


3.

  • My expectations is if price managed to break the 15m Swing High and confirm a BOS, Most probably we will initiate a Pullback from mitigating the 4H/Daily Supply zones.
  • Shorts are not confirmed as the momentum is bullish. but planning before is important.
Note
Update to the current state of the 15m Chart:

Price in Bullish continuation and we created a new iBOS and still expecting the 15m Swing High will be reached.

15m Chart: snapshot
Chart PatternsEUREURUSDintradayliquidityLTFsmartmoneyconceptSMCstrucutreSupply and DemandTrend AnalysisUSD
Amr-Sadek
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